Fxstreet.com (Barcelona) - After bounced from 1.6085 to tests 1.6250 resistance, the pair has been rejected by this level to go down to 1.6150 and reach 1.6120. currently the pair is trading around 1.6125/35, 1.05% below today's opening price.
According to Valeria Bednarik, FXstreet.com collaborator, pair has turned to the downside: "Holding above the 23.6% of the daily rally 1.4395/1.6662. A bit exhausted to the downside, pair could regain the upside as long as 1.6140 remains intact. Bigger time frames show some bearish divergences in the pair that could extend the correction closer to the 1.6000 zone. Support levels: 1.6140 1.6080 1.6020. Resistance levels: 1.6230 1.6290 1.6340."
According to Valeria Bednarik, FXstreet.com collaborator, pair has turned to the downside: "Holding above the 23.6% of the daily rally 1.4395/1.6662. A bit exhausted to the downside, pair could regain the upside as long as 1.6140 remains intact. Bigger time frames show some bearish divergences in the pair that could extend the correction closer to the 1.6000 zone. Support levels: 1.6140 1.6080 1.6020. Resistance levels: 1.6230 1.6290 1.6340."
